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Nevada, U.S. Regulator Challenge BofA on Mortgages

Bank of America Corp's mortgage practices came under fresh fire as state and federal regulators questioned whether the largest U.S. bank is doing what it must to address perceived harm to homeowners and investors.
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U.S. President Barack Obama talks about military veterans in the workforce while in Washington

Obama Vows to Prevent Cuts to Veterans Programs

While speaking to members of the American legion, President stressed his commitment to U.S. veterans and unveiled measures to lower unemployment and improve healthcare to those who have served in the military.
Exxon-Russia oil deal

Exxon Mobil Signs Arctic Drilling Deal With Russia

Exxon Mobil can look for oil in Russian territory in the Arctic Ocean under an agreement made Tuesday with Rosneft, the Russian state oil company. The deal is huge for Exxon Mobil, which beat BP for access to a region in which oil drilling is largely prohibited.
Hurricane Irene Wayne

Airlifts and water rescues in wake of Hurricane Irene

National Guard and firefighters rescued hundreds people from record flooding in New Jersey on Tuesday and Vermont planned to airlift food and water to inland towns cut off by Hurricane Irene after its paralyzing rampage through the U.S. northeast.
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Gold Price up 2 Percent, Silver Jumps 2.1 Percent

Gold prices jumped 2 percent Tuesday and silver surged 2.1 percent as some investors opted for the safety of precious metals and Treasuries amid continued worries about Europe's sovereign debt crisis and weakness in the American economy.
Russia Exxon Oil

Exxon Signs Russian Oil Deal for Arctic Sea

In a deal announced Tuesday, Exxon will partner with OAO Rosneft, Russia’s state-owned oil producer, replacing British Petroleum in exchange for unspecified assets. Exxon and Rosneft will spend $3.2 billion in the initial explorations of the Arctic and Black Sea, the companies stated.
A customer stands at an ATM machine at a Bank of America office in Burbank, California

BofA Sued Over $1.75 Billion Mortgage Trust

Bank of America Corp. was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the largest bank to buy back all of the loans in the trust because of alleged misrepresentations.

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